Archrock said on April 28, 2023, its board of directors declared a permanent quarterly dividend of $0.15 per share ($0.60 per share). Previously, the company paid $0.15 per share.
Shares must be purchased before the ex-div date of May 8, 2023 to receive the dividend. Shareholders of record on May 9, 2023 will receive payment on May 16, 2023.
At the current stock price of $10.29/share, the stock has a dividend yield of 5.83%.
Looking back five years and sampling each week, the average dividend yield was 6.82%, the lowest was 3.76%, and the highest was 17.11%. The standard deviation of the income is 2.16 (n=237).
The current dividend yield is 0.46 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 2.12. The payout ratio shows how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of a company’s earnings are paid out as dividends. A payout ratio above one means that the company is saving to maintain the dividend – not a healthy situation. Companies with low growth prospects are expected to pay out most of their earnings in the form of dividends, which usually means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of their earnings to invest in those growth prospects, implying a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.03%, indicating that it has increased its dividend over time.
Learn how to collect dividends
Buy the stock. Receive a dividend. Sale of shares. Repeat. That’s what collecting dividends is all about, and you can do it easily with Fintel’s dividend collection calendar.
What is stock sentiment?
Archrock has 488 funds or institutions reporting positions. This is an increase of 12 owners or 2.52% in the last quarter. Average portfolio weight from all funds 0.12% for AROC, growth of 20.40%. The total volume of shares held by institutions decreased by 0.87% over the past three months to 150,975 thousand shares. The AROC put/call ratio is 0.05, indicating that the forecast is bullish.
Analysts’ price forecast suggests a rise of 35.47%
As of April 24, 2023, the one-year average price target for Archrock is 13.94. Estimates range from a low of $13.13 to a high of $15.75. The average target price is 35.47% higher than the last reported closing price of 10.29.
See our leaderboard of companies with the highest price targets.
Archrock’s estimated annual revenue is 988 million, an increase of 16.82%. Annual non-GAAP estimated EPS is 0.43.
What are other shareholders doing?
Earnest Partners owns 14,242 shares representing 9.09% of the company. In a preliminary filing, the firm reported ownership of 14,321,000 shares decrease 0.55%. Firm grew 26.93% of its portfolio allocation in AROC last quarter.
IJR – iShares Core S&P Small-Cap ETF owns 9,918K shares representing 6.33% of the company. In the preliminary application, the firm announced that it owns 9,799,000 shares increase 1.19%. Firm grew 28.79% allocation of its portfolio in AROC last quarter.
Invesco owns 9,681 shares representing 6.18% of the company. In the preliminary filing, the firm announced that it had 9,252,000 shares increase 4.43%. Firm grew 33.19% of its portfolio in AROC last quarter.
MLPEX – Invesco Oppenheimer SteelPath MLP Select 40 Fund Class C owns 7,580K shares representing 4.84% of the company. There was no change in the last quarter.
Bank Of America owns 7,097K shares representing 4.53% of the company. In a preliminary filing, the firm reported ownership of 7,207,000 shares decrease 1.54%. Firm grew 31.28% of its portfolio in AROC last quarter.
Archrock background information
(This description is provided by the company.)
Archrock is an energy infrastructure company with a focus on midstream compression of natural gas. Archrock is a leading provider of natural gas compression services to US oil and natural gas customers and a leading provider of aftermarket services to customers with compressor equipment in the US, Archrock is headquartered in Houston, Texas.
This story originally appeared on Fintel.
The views and opinions expressed herein are those of the author and reflect those of Nasdaq, Inc.
All news on the site does not represent the views of the site, but we automatically submit this news and translate it through software technology on the site rather than a human editor.
